There is a number of fee structures that you can utilise once you have decided to hire yourself a financial planner. You can choose a commission-based payment scheme, however, this has the disadvantage of requiring you to buy something in order to compensate your planner. You could also try a combination of both commissions and fees, wherein you also pay the financial planner a fixed or flat amount that is based on the percentage of the assets that he is managing.

Hiring a Financial Planner

Hiring a Financial Planner

However, if you do not like the thought of paying commissions, you can just pay your planner a set fee. If you do not intend to engage the services of a financial planner for the long-run, then the best payment scheme would be the hourly rate. You only pay him for the hours that he works on your account, which would be ideal for a short term situation.